Is your dental practice a profitable business?
Many dentists are unaware whether their dental practices are profitable businesses. A method to assess dental practice profitability, by determining percentage return on investment (% ROI), is described. The method involves analyzing and adjusting prepared financial statements for a practice, estimating the fair market value of the practitioner's professional and managerial efforts in the practice, and estimating the fair market value of the practice assets. Interpretation of the % ROI determination is discussed.
Stockton
H J
HJ
Department of Rehabilitative Dental Science, Faculty of Dentistry, University of Manitoba.
D005376:Financial Management; D006801:Humans; D007182:Income; D007449:Investments; D011215:Practice Management, Dental / Q000191:economics*